Shares of dating-platform company Bumble ( NASDAQ:BMBL) plunged on Thursday after the company released financial results for the first quarter of 2021. Results exceeded management's previous guidance and its full-year outlook improved. But it wasn't enough for Wall Street, with a slew of analysts lowering their price targets on the shares.
Wolfe Herd attended Southern Methodist University, where she majored in international studies and was a member of the Kappa Kappa Gamma sorority. While in college and at the age of 20, she started a business selling bamboo tote bags to benefit areas affected by the BP oil spill.
Is Bumble a good investment?
But, Bumble has thus far been a disappointment on the stock market -- with its shares dropping by more than 60% since it went public and currently sitting well below its IPO price of $43 per share. Unless the company can make a swift 180, it'd be best to stay away from Bumble.Jan 31, 2022
What is Bumble stock prediction?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Bumble Inc have a median target of 34.50, with a high estimate of 48.00 and a low estimate of 20.00. The median estimate represents a +33.15% increase from the last price of 25.91.
Why did Bumble stock go up?
Bumble stock rockets higher after online-dating company upbeat on user growth.Mar 8, 2022
How much does Bumble make a year?
Bumble revenueYearRevenue2017$100 million2018$190 million2019$240 million2020$337 million1 more row•Mar 11, 2022
Is BMBL stock a good buy?
Out of 12 analysts, 4 (33.33%) are recommending BMBL as a Strong Buy, 5 (41.67%) are recommending BMBL as a Buy, 3 (25%) are recommending BMBL as a Hold, 0 (0%) are recommending BMBL as a Sell, and 0 (0%) are recommending BMBL as a Strong Sell. What is BMBL's earnings growth forecast for 2022-2024?
Who invested in Bumble?
Bumble investorsDateInvestorsRoundOct 2018Priyanka ChopraAngelJan 2020AccelSeries AMar 2020Greycroft PartnersLate VCFeb 2021N/AIPO3 more rows
Who is Bumble stock?
$ 25.84CloseChgChg %$25.91-0.75-2.81%
Who is Whitney Wolfe married to?
Michael HerdWhitney Wolfe Herd / Spouse (m. 2017)
A beat and a raise weren't enough to keep Wall Street from lowering its outlook for the stock
After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
What happened
Shares of dating-platform company Bumble ( NASDAQ:BMBL) plunged on Thursday after the company released financial results for the first quarter of 2021. Results exceeded management's previous guidance and its full-year outlook improved. But it wasn't enough for Wall Street, with a slew of analysts lowering their price targets on the shares.
So what
Bumble generated total first-quarter revenue of almost $171 million. This compares favorably to management's previous guidance of $163 million to $165 million.
Now what
For the first quarter, Bumble beat expectations and raised guidance, which in normal times would cause a celebration. But with fear creeping into the market lately, almost everything is increasingly viewed with a pessimistic spin.
The dating giant appears to be facing some headwinds from economic reopenings
Dating is often a multidimensional process. Although it originates online at an increasing rate, people eventually end up meeting in person or moving their online conversations off dating apps and into texts or social media platforms.
A dating powerhouse
Bumble is actually a two-app story, covering different geographical areas at different price points. The flagship app is Bumble, with its women-act-first match concept, but it has fewer paid users than the company's other app, Badoo.
Slowing financial performance
Despite extremely strong year-over-year comparisons, recent quarterly results have shown stagnant sequential growth.
Looking ahead
As the global economy continues to reopen and people reconvene in more traditional ways, investors should keep an eye on whether revenue and paid user growth begin to decline. Luckily for Bumble, sequential growth so far has leveled off as opposed to contracting, but we're still somewhat early in the reopening phase.
What is Bumble dating app?
Bumble Inc is mainly known for its flagship platform, the Bumble dating app, which is famous for shaking up the industry by empowering women. When two people "match," the woman holds the cards — she must initiate the first interaction while her male counterpart waits and wonders.
How much did Bumble lose in 2019?
Despite a huge year, Bumble Inc suffered an overall net loss of $142.8 million, which was in stark contrast to the $85 million profit in 2019. The swing owes to a significant 74% ($292 million) increase in operating expenses, which grew much faster than the 19% increase in revenue.
Is Bumble a social network?
While it is focused on dating, it's also popular as a truly social network, connecting users who would like to make friends. Of the two, the Bumble app has fewer paying subscribers, but charges twice as much per paying user, and therefore generates the lion's share of the revenue.